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A Saudi-based PE firm just signed a $225 million deal for a life sciences campus in Philadelphia — a signal that investment interest from abroad is heating up
Summary List PlacementSidra Capital, a Saudi asset management and private equity firm, purchased a suburban Philadelphia...Summary List PlacementSidra Capital, a Saudi asset management and private equity firm, purchased a suburban Philadelphia life sciences and healthcare campus in a recapitalization deal that valued the property at $225 million. Spear Street Capital, a real estate investment firm, will retain a 10% minority interest. The deal was brokered by JLL. The five-building, 855,600 square foot Arborcrest facility was completed in two phases,...
Wall Street analysts are predicting an earnings bloodbath for real-estate giants like CBRE and Cushman & Wakefield, with a Great Recession-sized hit packed into just a few months
Analysts are predicting one of the most bruising quarters in recent memory for major real-estate firms...Analysts are predicting one of the most bruising quarters in recent memory for major real-estate firms such as CBRE, Cushman & Wakefield, and JLL, which are scheduled to report earnings in the coming weeks. The publicly traded companies derive around 50% of their earnings from real-estate transactions, such as sales and leasing, that have evaporated as the coronavirus pandemic has stalled the economy. While...